Nev. Admin. Code § 361.654

Current through November 8, 2024

Section 361.654 - "Ratio study" defined

"Ratio study" means an evaluation of the quality and level of assessment of a class or group of properties in a county which compares the assessed valuation established by the county assessor for a sampling of those properties to:

1. An estimate of the taxable value of the property by the Department or an independent appraiser; or

2. The sales price of the property, as appropriate.

Nev. Admin. Code § 361.654

Added to NAC by St. Bd. of Equalization by R153-09, 4-20-2010, eff. 10-1-2010

NRS 361.375, 361.395